This week (5.25-5.31), the domestic price of ethyl acetate remained stable. According to the Commodity Market Analysis System of Shengyishe, as of the 31st, the price of ethyl acetate remained at 6290 yuan/ton, and remained unchanged for the week. Due to insufficient upstream cost support, the supply and demand of ethyl acetate are relatively stable, and the market situation is running smoothly.
Market analysis: The ethyl acetate market remained stable and cautious this week. The utilization rate of ethyl acetate production capacity on the supply side is at a medium to low level, and the supplier’s inventory is under pressure, while the manufacturer maintains active shipments; On the raw material side, the price of acetic acid is weak and volatile, with insufficient cost support. The upstream market is transmitted to the terminal market, affecting downstream purchasing. Downstream buyers generally accept high priced goods, and they often follow up on demand when entering the market. Under the game of supply and demand, the price of ethyl acetate remains stable.
In the future, the upstream acetic acid of ethyl acetate has slightly increased, with good cost support and no pressure on supplier supply. Downstream purchases are made according to demand, and the market is optimistic. It is expected that the ethyl acetate market will consolidate and rise in the short term. It is recommended to pay attention to the price execution of raw material acetic acid and ethyl acetate manufacturers. At present, the mainstream transaction price in the market is between 6200-6370 yuan/ton.
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